“The Indian Ocean island nation is making a concerted effort to use its well-established legal and business systems and ties to Europe to market itself as an international financial centre. “
The above statement is according to Mr Andrew Mizner who wrote a recent Newsletter on the ALB (African Law & Business) website, regarding the most recent Mauritius IFC Business Meet in London. The speaker was His Excellency Mr Girish Nunkoo, High Commisioner of Mauritius in London, United Kingdom. The event was organised by the Financial Services Promotion Agency (FSPA) and Mauritius International Financial Centre. The event took place on the 5th of May 2017.
According to Mr Mizner, “Mauritius is establising itself as a gateway to doing business in Africa as an “international financial centre for the region and other emerging markets” quoting Mr Girish Nunkoo.
Here are a few extracts of the original Newsletter by Mr Andrew Mizner.
Nunkoo said: “As financial centres, London and Mauritius have a lot in common.”
Mauritius and the UK share the same Westminster model of government, a language, strong institutions, as well as trade and financial transactions, which are booming, the senior diplomat said.
Speaking to an audience of investors with an interest in Mauritius, and UK-based Mauritians in the business and legal communities, he praised the Mauritian financial services sector and the work of the FSPA in connecting it with international financiers and stressed his belief that the country has the requisites to be used as a financial hub for Africa: “We are doing our utmost best to enhance interaction,” he said.
The high commissioner said the country could offer certainty to investors, citing its performance in the Ibrahim Index of African Governance, produced by the Mo Ibrahim foundation annually, in which it consistently ranks highly.
For the full article please visit the ALB webiste.
Source: ALB website